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Exam Q's Unit 1 - Supply and Demand

Exam Q's Unit 1 - Supply and Demand

Assessment

Flashcard

Other

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What does this curve represent?

Media Image

Back

supply, supply curve

2.

FLASHCARD QUESTION

Front

What does this curve represent?

Media Image

Back

demand curve, demand

3.

FLASHCARD QUESTION

Front

The amount of goods or services available is called?

Back

supply

4.

FLASHCARD QUESTION

Front

The point where supply and demand are balanced is called

Back

equilibrium, price equilibrium, market equilibrium

5.

FLASHCARD QUESTION

Front

The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is?

Back

supply

6.

FLASHCARD QUESTION

Front

Demand is the desire and the __________ to buy a product or service.

Back

ability

7.

FLASHCARD QUESTION

Front

If the price of printers goes down, what happens in the market for ink cartridges?

Back

Demand increases.

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